321 S Academy St

—
Beds
—
Baths
5,000 Sq. Ft.
$56 / Sq. Ft.
5,000
Sq. Ft.
$56
per Sq. Ft.

Description

Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility. Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential...Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility. Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential for growth is a significant advantage for savvy investors. The complex is located on a corner lot, providing not only visibility but also ample space for expansion. There's room to add additional units, further increasing your investment potential. Imagine the possibilities of developing more rental spaces to cater to the growing demand in the area! This apartment complex is not just a property; it's a stepping stone to greater financial growth. With its strategic location, under-market rentals, and expansion possibilities, this investment opportunity is one you won't want to miss!
  1. Listed by Toni Effingger • RE/MAX Excellence
    C: (337)-793-5738 teffingger@remax.net

Property Details for 321 South Academy Street

Subdivision Name
None
LISTING UPDATED: 02/06/2026 01:08 PM

Property Details for 321 South Academy Street

StatusActive
MLS #RA2020023979
Days on Market246
Taxes-
HOA Fees-
Condo/Co-op Fees$1,937 / month
Compass TypeMulti Family
MLS TypeResidential Income / Townhouse
Year Built-
Lot Size0.44 AC / 19,166 SF
CountySt. Landry Parish

Location

Listing Courtesy of RE/MAX Excellence
Add your commute

Building Information for 321 South Academy Street

Stories-Residences5Year Built-Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

$3,401 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,360

Property Taxes

$104

HOA Dues

$1,937

The Payment Calculator is for illustrative purposes only.

Property Information for 321 South Academy Street

Summary
Location and General Information
  • Directions: I49 North exit Opelousas, go west on hwy 190 to Academy turn left. At the light on Academy and Vine the apartments will be straight ahead on the right of Academy facing Vine.
  • Latitude: 30.53
  • Longitude: -92.08
  • MLS Area Minor: OTHER
  • Local Area: L2
Parking
  • Parking Features: Attached, Parking Lot
  • Parking Total: 11.00
School Information
  • School District: St Landry Parish
  • High School: Opelousas
  • Elementary School: Call School Board
  • Middle School: Opelousas
Taxes and HOA
  • Tax Legal Description: 1 LOT (130.5X148.1) BLK 32 N VINE ST S HAYNES E ACADEMY ST W CYPRIANO ARDOIN FRONTING 130.5' ON VINE ST OPELOUSAS
  • Tax Lot: 2
Property
Lot Information
  • Building Area Total: 5000.0
  • Living Area Source: Owner
  • Lot Size Acres: 0.44
  • Lot Size Dimensions: 130.5X148.1
  • Lot Size Area: 19166.4
  • Lot Size Square Feet: 19166.4
  • Building Area Source: Owner
Property and Assessments
  • Parcel Number: 0103228600
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Mineral Rights: Conveyed
  • Apx Age: 51 - 75 Years
Utilities
  • Sewer: Public Sewer
  • Individual Meters: 1
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Frame
  • Fencing: Chain Link, Full
  • Foundation Details: Slab: Traditional
  • Roof: Asphalt
  • Hash Tag of Elevators: 0
Interior Features
  • Appliances: Refrigerator
  • Bathrooms Full: 4
  • Bedrooms Total: 8
  • Cooling: Window Unit(s)
  • Flooring: Vinyl Tile Floor
  • Heating: Other Heat
  • Interior Features: Unit 2(Master Bedroom)
  • Bathrooms Total Integer: 0
  • Hash Tag Heat Units: 5
  • Hash Tag AC Units: 5
Multi Family
Multi Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Gross Income: $2,050.00
  • Gross Scheduled Income: $2,650.00
  • Insurance Expense: $6,244.00
  • Maintenance Expense: $1,937.00
  • Manager Expense: $.00
  • Net Operating Income: $21,750.00
  • Operating Expense: $10,500.00
Rental
Rent Information
  • Tenant Pays: Electricity, Water

Property History for 321 South Academy Street

DateEvent & SourcePriceAppreciation
Jun 25, 2025

Listed (Active)

RAA #2020023979

$279,000—
Jun 5, 2025

Contract Signed

RAA #2020023979

—
May 21, 2025

Listed (Active)

RAA #2020023979

—
May 20, 2025

Contract Signed

RAA #2020023979

—
May 19, 2025

Listed (Active)

RAA #2020023979

$279,000—
May 19, 2025

Listed (Active)

ROAM MLS #RA2020023979

$279,000—
Apr 16, 2018

Sold

RAA #18000791

—
Apr 16, 2018

Sold

ROAM MLS #RA18000791

—
Feb 9, 2018

Contract Signed

RAA #18000791

—
Feb 9, 2018

Contract Signed

ROAM MLS #RA18000791

—
Jan 29, 2018

Listed (Active)

RAA #18000791

$194,000—
Jan 29, 2018

Listed (Active)

ROAM MLS #RA18000791

$194,000—
Jan 16, 2007

Sold (Public Record)

Public Record #1083433937

—
DateEvent & SourcePrice
06/25/2025

Listed (Active)

RAA #2020023979

$279,000
06/05/2025

Contract Signed

RAA #2020023979

—
05/21/2025

Listed (Active)

RAA #2020023979

—
05/20/2025

Contract Signed

RAA #2020023979

—
05/19/2025

Listed (Active)

RAA #2020023979

$279,000
05/19/2025

Listed (Active)

ROAM MLS #RA2020023979

$279,000
04/16/2018

Sold

RAA #18000791

—
04/16/2018

Sold

ROAM MLS #RA18000791

—
02/09/2018

Contract Signed

RAA #18000791

—
02/09/2018

Contract Signed

ROAM MLS #RA18000791

—
01/29/2018

Listed (Active)

RAA #18000791

$194,000
01/29/2018

Listed (Active)

ROAM MLS #RA18000791

$194,000
01/16/2007

Sold (Public Record)

Public Record #1083433937

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 321 South Academy Street

Taxable ValueLand$5,590Additions$26,600Total$32,190
Tax Record2024$1,251 ($104 / month)
Home Facts
Lot Size19,327 SqFtStyleMulti-Family Res (5+ Units)CountySAINT LANDRYAPN0103228600

Schools near 321 South Academy Street

This home is within St. Landry Parish School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Park Vista Elementary School
PublicPK to 4

Creswell Middle School
Public5 to 6

Opelousas Junior High School
Public7 to 8

Opelousas Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

321 South Academy Street is a multi-family home for sale in Opelousas, LA 70570. This property was listed for sale on May 19, 2025 by RE/MAX Excellence, it's currently listed at $279,000. It has been on the market for a total of 246 days and was last sold on April 16, 2018. This listing's school district is St. Landry Parish School District. Nearby schools include Park Vista Elementary School, Creswell Middle School and Opelousas Junior High School. 321 South Academy Street is a 0-bed, 0-bath, 5,000 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Excellence

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.